$4,200,000

Multi Family In San Diego

  • 14 Beds
  • 7 Baths
  • 4,611 Sqft
  • Updated: May 23
  • 1
  • Source:
    San Diego MLS  MLS#260012515

About the Property

Two adjacent parcels totaling 13,200 SF with 4 units total, zoned RM-3-9 within the College Area Community Plan Update — a designated Transit Priority Area (TPA) and Sustainable Development Area (SDA). Base zoning supports 23+ units by right at 1 unit per 600 SF, with additional density available through state and local bonus programs. TPA eliminates parking minimums and unlocks density bonus elig
Two adjacent parcels totaling 13,200 SF with 4 units total, zoned RM-3-9 within the College Area Community Plan Update — a designated Transit Priority Area (TPA) and Sustainable Development Area (SDA). Base zoning supports 23+ units by right at 1 unit per 600 SF, with additional density available through state and local bonus programs. TPA eliminates parking minimums and unlocks density bonus eligibility; SDA supports higher-intensity infill. Currently operating as student rentals — each property (SFR + attached ADU) is master-leased as a single unit. 5602 Dorothy Dr (7BR/3BA, 2,111 SF) leases at $11,600/month through 25/26, stepping up to $11,800/month for 26/27. 5610 Dorothy Dr (7BR/4BA, 2,500 SF) leases at $11,600/month through 25/26, stepping up to $11,850/month for 26/27 — totaling $23,200/month currently, escalating to $23,650/month with no lease-up risk.
  • Property type

    Other

  • Floors

    1

  • Year built

    1984

  • Price/sqft

    $910

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5602 & 5610 Dorothy Dr, San Diego, California, United States View on Google Maps
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Landmark Multifamily and Development - San Diego

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Landmark Multifamily and Development - San Diego
California, United States
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Landmark Multifamily and Development - San Diego
San Diego, California, United States
View agency profile
Last updated
May 23
First listed
May 23
Listing reference
260012515
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